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03 Nov 2009 00:40
, Nov 03 03:37, Nov 03 08:37, Nov 03 17:37Lloyds Banking Will Raise $34 Billion in Rights Offer, Avoid Asset Program Lloyds Banking Group Plc plans to raise 21 billion pounds ($34 billion) in Britain’s biggest rights offering and deny the government majority control of the country’s largest mortgage lender.
China Said to Plan Review of Developer Loans on Concern at Surging Prices China’s banking regulator plans to review debt levels at some real-estate developers on concern the companies’ borrowings are fueling excessive gains in property prices, a person familiar with the matter said.
European, Asian Stocks Drop; UBS, Royal Bank of Scotland, BMW Shares Fall Stocks in Europe and Asia dropped as UBS AG reported a wider-than-estimated loss and Australia raised interest rates for the second time in four weeks.
Australia Raises Key Rate by Quarter Point to 3.5%; Currency Pares Gains Australia raised its benchmark interest rate by a quarter percentage point for the second straight month, becoming the only nation to increase borrowing costs twice this year as the global economy recovers.
BMW Third-Quarter Profit Drops 74% as Economic Slump Saps Luxury-Car Sales Bayerische Motoren Werke AG, the world’s largest maker of luxury cars, reported a 74 percent plunge in third-quarter profit as the recession sapped demand for higher-priced models.
Bernanke's Housing Gamble May Bring Pressure From Congress to Keep Fed Aid Federal Reserve Chairman Ben S. Bernanke is gambling that come March, he can stop the purchases of mortgage-backed securities that have propped up the U.S. housing market. Congress may have other ideas.
New Jersey, Virginia Choose Governors as Palin Campaigns in New York Race Governor’s races today in Virginia and New Jersey have been anticipated as barometers of next year’s midterm congressional elections. A U.S. House race in upstate New York may prove more meaningful.
Czech Court Rejects Challenge to EU Lisbon Treaty, Shifts Focus to Klaus The Czech Constitutional Court rejected challenges to the European Union’s Lisbon Treaty, bringing the accord to the verge of adoption and leaving Czech President Vaclav Klaus as the final hurdle.
Clinton Tempers Praise for Israel to Calm Arabs on Settlements Proposal Facing criticism from Arab leaders, Secretary of State Hillary Clinton tempered praise of Israel’s offer to restrict West Bank settlements and announced a sudden trip to Egypt to confer with President Hosni Mubarak about the stalled Mideast peace process.
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